International Journal of Advances in Management and Economics (IJAME)

ISSN:2278-3369
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TitleThe Phillips Curve- The Case of Indian Data
AuthorAMARESH DAS
AbstractThe paper uses three different estimates of the output gaps to obtain estimates of the Phillips curve on the basis of the Indian data. We use a modified Hodrick-Prescott filter with a non constant smoothing parameter. We allow the smoothing parameter to vary over time so that its value reflects the nature and magnitude of supply and demand shocks in India, although determining the exact value still remains a problem.
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